Holmes and Schmitz develop an interesting variation of the standard Schumpeterian creative destruction model that:
A) shows innovation is more likely in a protected environment where infant industries flourish.
B) permits the technological leader to obstruct new innovation.
C) shows how creation can occur without destruction.
D) shows why economic growth does not require technological progress.

Question

Quizplus · Accepted Answer

The variation developed by Holmes and Schmitz allows the technological leader to obstruct new innovation, which is a deviation from the standard model where innovation typically disrupts existing technologies.

Holmes and Schmitz Develop an Interesting Variation of the Standard